The scheme is applicable to all Limited Liability Partnerships (LLPs) registered or incorporated in India. It allows for the condonation of delay in filing the following forms:
- Form 3: Information with regard to the limited liability partnership agreement and changes, if any, made therein.
- Form 4: Notice of appointment, cessation, change in name/ address/ designation of a designated partner or partner and consent to become a partner/ designated partner.
- Form 11: Annual return of a limited liability partnership.
The scheme is valid from 01.09.2023 to 30.11.2023 (both dates inclusive). LLPs availing the scheme will not be liable for any action for delayed filing of Form-3, Form-4 and Form-11.
Here are the salient features of the scheme:
- The Form-3 and Form-4 would be processed under Straight Through Process (STP) mode for all purposes except for changes in business activities.
- At the time of filing these forms, the pre-filled data as per the existing master data of the LLP shall be provided in each of the above-mentioned forms but the same shall have the facility to edit. The onus of filing correct data would be on the stakeholders. In case of misrepresentation, the Designated Partner and the professional certifying the form may be liable for adverse action as per provisions of the law.
- The filing of Form-3 and Form-4 without additional fee shall be applicable for the event dates 01.01.2021 and onwards. For events dated prior to 01.01.2021, these forms can be filed with 02 times and 04 times normal filing fees as an additional fee for small LLPs and Other than small LLPs respectively.
- The filing of Form-11 without additional fee shall be applicable for the financial year 2021-22 onwards. Form-11 for previous years (prior to financial year 2021-22) can be filed with 02 times and 04 times of normal filing fee as additional fees for small LLPs and Other than small LLPs respectively